There were indications on Wednesday that finding $4bn has substantially stalled the construction of Nigeria’s most ambitious power project – the Mambilla Hydroelectric Power project in Taraba State. They, however, noted that the major financier for the project had laid down some conditions before funds would be released for one of the country’s largest power project. ), in February 2020 to fast-track the Mambilla project implementation. The government stated that its intention to proceed with the Mambilla project had already been made clear by the Presidency. It noted that Nigeria as a sovereign state had several options to fund its bankable projects, including the Mambilla project.

Source: Punch April 22, 2021 04:30 UTC